Vocab Flashcards
1
Q
Economics
A
Making,buying,or selling something that people need or want😬
2
Q
Basic needs
A
Things people need to survive😱
3
Q
Wants
A
Things people would like to have😎
4
Q
Goods
A
Things you buy🤓
5
Q
Services
A
A job a person provides and is paid for👍🏻
6
Q
Consumer
A
A person who buys and uses goods🤑
7
Q
Producer
A
A person who makes goods or provides services🤠
8
Q
Barter
A
Exchanging goods and services without using money💵
9
Q
Trade
A
The process of buying,selling,or exchangeing goods and services🍕
10
Q
Import
A
To bring into a place or country from another country🏒🥅
11
Q
Export
A
Send to another place (country)🇬🇧🇺🇸
12
Q
Supply
A
How much there is of goods and services🤣
13
Q
Demand
A
How much the the goods and services are needed💪🏻
14
Q
Interdependence
A
People dependent on each other😆
15
Q
Economic choice
A
A decision to buy one thing and not another🎩
